Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    33 Saginaw St Pontiac, MI 48342

    Sponsored
    For Sale
    $500,000

    7,500 SF Office, High Potential

    Property size:
    7,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 7,500 square foot creative office building in Pontiac, Michigan, presents a compelling investment opportunity. Located at 33 N Saginaw St, 48342, this property boasts a current NOI of $32,000, yielding a 6.40% cap rate, and an asking price of $500,000. However, a pro-forma NOI of $44,000 projects a significantly higher 8.80% cap rate, highlighting the substantial upside potential. The main floor currently functions as office space, providing immediate rental income or a ready-to-use workspace. A complete renovation in 2018 installed brand-new mechanical systems throughout the building, preparing the upper two floors for conversion. These floors are ready for build-out, offering the possibility of creating residential units or additional commercial space. The existing infrastructure and the potential for a private rooftop deck add to the property's appeal. This well-maintained building in a vibrant location offers a unique chance to create a profitable venture, whether through rental income or personal use. The property's strong foundation and significant potential make it an exceptional investment opportunity. This is a rare chance to acquire a property with immediate income and substantial future growth potential in a desirable location.

    Property Features for 33 Saginaw St

    General Information

    Property type
    Office space
    Square Feet
    7,500 SF

    Building Details

    Year Renovated
    2018

    HighLights

    • 7,500 SF creative office building in Pontiac, MI, for sale by owner for $500,000.
    • Currently generating $32,000 NOI, with a pro‑forma NOI of $44,000.
    • Offers a 6.40% cap rate and a pro‑forma cap rate of 8.80%.
    • Renovated in 2018 with new mechanicals.
    • Main floor is currently functional office space; upper floors offer significant value‑add potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Next Education Education Center Performance Roof Systems ... Roofing Contractor Herbert & Rhen PC Accounting Firm Bestrate Mortgage Mortgage Broker Washington Events LLC Meeting Planning Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pontiac
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2923532263
    Latitude
    42.637951049579

    Nearby Similar for Sale

    • $1,850,000
      1,500 SF

      M1 Concourse Rooftop Garage Unit

      Luxury garage condo with mezzanine, rooftop access, and track views.
      142 Pit Ln, Pontiac, MI 48341
      View Details
    • $1,399,000
      1,307 SF

      M1 Concourse Rooftop Garage Unit

      Garage unit with mezzanine, track views, and entertaining space.
      145 Pit Ln, Pontiac, MI 48341
      View Details
    • New
      $550,000
      5,293 SF

      Spacious Commercial Warehouse in Pontiac

      Commercial warehouse with office, truck bay, and manufacturing zoning.
      73 W Walton Blvd, Pontiac, MI 48340
      View Details
    • $969,000
      1,191 SF

      M1 Concourse Private Garage Unit

      Private garage unit with trackside patio in Pontiac, Michigan.
      161 W Speed Way, Pontiac, MI 48341
      View Details
    • New
      $975,000
      1,191 SF

      M1 Concourse Private Garage with Patio

      Rare garage with patio, track views, and luxury amenities.
      163 Speed Way, Pontiac, MI 48341
      View Details
    • $489,000
      600 SF

      M1 Concourse Private Garage

      Automotive enthusiast's dream: garage, living space, track access.
      68 Pit Ln, Pontiac, MI 48341
      View Details
    • $475,000
      610 SF

      M1 Concourse Private Garage Unit

      Corner garage with track views, mezzanine, and full amenities.
      48 Pit Ln, Pontiac, MI 48341
      View Details
    • $249,900
      1,000 SF

      Waterford Commercial Building on Voorheis

      Remodeled 1,000 SF building with high visibility.
      2409 Voorheis St, Pontiac, MI 48341
      View Details
    • $2,200,000
      1,264 SF

      M1 Concourse Combined Units

      Rare combined units perfect for automotive display and entertaining.
      40 Straightaway Dr, Pontiac, MI 48341
      View Details
    • $225,000
      1,128 SF

      Versatile Commercial Property in Pontiac

      C-1 zoned property near Great Lakes Crossing and Downtown Pontiac.
      1571 Baldwin Ave, Pontiac, MI 48340
      View Details
    • $689,900
      3,450 SF

      Pontiac Retail Opportunity For Sale

      Former bank building with drive-thru and large parking lot.
      900 Joslyn Ave, Pontiac, MI 48340
      View Details
    • $425,000
      0.17 Acres

      Turnkey Multifamily Investment Property

      Remodeled 6-unit multifamily property in Pontiac, offering excellent cash flow.
      50 Waldo St, Pontiac, MI 48341
      View Details

    FAQs

    What type of property is this?
    Office space - 7,500 SF Office, High Potential
    Where is this office space located?
    The property is located at 33 Saginaw St Pontiac, MI.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: 7,500 SF creative office building in Pontiac, MI, for sale by owner for $500,000.; Currently generating $32,000 NOI, with a pro-forma NOI of $44,000.; Offers a 6.40% cap rate and a pro-forma cap rate of 8.80%.
    Request Owner's contact information
    33 Saginaw St Pontiac, MI 48342
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    33 Saginaw St
    Pontiac, MI 48342
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    33 Saginaw St Pontiac, MI 48342
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.